> Why should companies get to pay taxes on "profit" and not on revenue? Because then a company that makes losses (expenses exceed revenues) is still taxable, w

> Why should companies get to pay taxes on "profit" and not on revenue? Because then a company that makes losses (expenses exceed revenues) is still taxable, which isn't sensible. Taxes are not an expense, they are a tax on earned income. Depending on where you live, you probably won't be paying taxes on your whole income: you might get tax breaks for anything from housing loans, to write-offs for travel to and from your business, etc. in the same way that a business gets to claim expenses against generating their revenue.